Cost of Living in Red Bank, NJ
Overall index: 125 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 137 | +37% | $1,390 |
| Transportation | 99 | -1% | $3.50 |
| Food | 136 | +36% | $558 |
| Utilities | 119 | +19% | $247 |
| Healthcare | 119 | +19% | $178 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Red Bank?
A single adult living comfortably in Red Bank, NJ needs approximately $43,750 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Red Bank, NJ?
The overall cost of living in Red Bank, NJ is 25% higher than the US national average (index: 125 where 100 = national average).
How much is rent in Red Bank, NJ?
Average rent for a 1-bedroom apartment in Red Bank, NJ is about $1,390/month.
Is Red Bank, NJ expensive to live in?
Yes, Red Bank, NJ is considered expensive (index above national average).
What salary do I need to live in Red Bank, NJ?
A single adult needs roughly $43,750/year to cover basic living costs in Red Bank, NJ.